Amazon's new $4 billion AI investment

Good morning! Fry Guy here, bringing you the freshest and crispiest updates in the world of AI. As a warning, today’s news is hot, hot, HOT. 🔥

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GETTY AND NVIDIA JOIN FORCES, UNVEIL NEW IMAGE GENERATOR 🤝

Q: Why couldn't the photographer see straight?

A: He took too many shots. 📸

What’s new? Getty Images has joined forces with Nvidia to introduce “Generative AI by Getty Images”, an innovative tool poised to transform the world of image creation.

What is the impact? By partnering with Nvidia and utilizing its Edify model, Getty is using generative AI to generate strikingly realistic images, trained exclusively on the vast Getty Images library, including their premium content. One notable aspect is the tool's proficiency in rendering lifelike human figures. This was demonstrated when it effortlessly generated a compelling image of a ballerina in a classic arabesque pose (above). What sets Generative AI by Getty Images apart, however, is how it has addressed growing concerns about the ethical use of AI-generated content. This new tool provides users with comprehensive copyright indemnification, assuring legal protection for those who publish images created with the tool for commercial use. For instance, the company ensures that any images produced with the tool will not become part of the Getty Images or iStock content libraries. Moreover, Getty is willing to compensate creators if their AI-generated images are employed to train future versions of the model, sharing revenues derived from the tool equitably. It's also worth mentioning that Generative AI by Getty Images refrains from generating images of real-world figures and avoids recreating specific scenarios. This conscious approach highlights a further effort to maintain ethical boundaries.

How can people get access to the tool? The availability of this tool through the Getty Images website along with its separate pricing structure based on prompt volume offers flexibility to a wide range of users.

AMAZON INVESTS $4 BILLION IN AI STARTUP 🤑

Amazon is throwing around billions of dollars to ensure a safe and sustainable AI advantage. 💰

What happened? Amazon has announced a $4 billion investment in Anthropic, an emerging AI startup.

Why? Anthropic, known for its work in generative AI, possesses the capability to create human-like texts and images by learning from vast datasets. This technology has the potential to automate numerous tasks, making it a valuable asset for companies like Amazon.

How is this mutually beneficial? Amazon's investment will provide Anthropic with access to its data centers, cloud-computing platform, and AI chips. For Amazon, this investment is a strategic move to bolster its position in the AI and cloud computing markets, where competition with Microsoft, Google, and Nvidia remains fierce. As Amazon CEO Andy Jassy said, “We can help improve many customer experiences, short-term and long-term, through our deeper collaboration.”

SPOTIFY USING AI TO VOCALLY TRANSLATE PODCASTS 🗣️

Spotify is taking voice translation to a new level! 🤯

What’s new? In a partnership with OpenAI, Spotify is launching a pilot for its "Voice Translation" feature. This tool aims to revolutionize the podcast industry by translating podcasts into various languages while retaining the original speaker's voice and style.

How does it work? At the core of this feature lies OpenAI's Whisper, a powerful voice transcription tool that can transcribe English speech and translate it into other languages seamlessly. Initially, the pilot includes popular podcasts like the Lex Fridman Podcast, Armchair Expert, and The Diary of a CEO with Steven Bartlett, all available in Spanish. French and German versions are set to follow in the coming days and weeks, along with a growing list of shows.

Where will this be available? These translated podcasts will be housed in Spotify's "Voice Translations Hub," which promises regular updates with additional episodes and podcasts in various languages. With Spotify boasting an impressive 100 million regular podcast listeners, this venture is poised to make global content more accessible than ever.

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